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CDI hires former ManpowerGroup, Sears execs

October 29, 2014

CDI Corp. (NYSE: CDI) named David Arkless, a former ManpowerGroup Inc. (NYSE: MAN) executive as president, international. It also named former Sears executive Michael Castleman as executive VP, corporate development and operations, and it named another former Sears executive, Hugo Malan, as execu...


CDI Corp. reports revenue up 6%

October 29, 2014

CDI Corp. (NYSE: CDI), a Philadelphia-based staffing provider, reported third-quarter revenue rose 6.4 percent year over year to $295.7 million. However, gross margin narrowed to 18.4 percent from 19.0 percent in the year-ago quarter.Professional staffing services revenue rose 5.7 percent in the...


Barrett Q3 revenue up, but posts net loss after workers’ comp reserve increase

October 29, 2014

Both professional employer organization revenue and temporary staffing revenue rose at Barrett Business Services Inc. (NASD: BBSI) in the third quarter ended Sept 30. However, the company reported a net loss of $37.8 million as it recorded an increase to its self-insured workers’ compensation res...


Southern California area posts highest jobless rate

October 29, 2014

The Riverside-San Bernardino-Ontario area in Southern California posted the highest unemployment rates in September, 8.2 percent, among all large metropolitan areas with populations of 1 million or more, the US Bureau of Labor Statistics reported today.The lowest jobless rate among large metropol...


Millennials have key business skills, Elance-oDesk survey finds

October 29, 2014

Millennials are the generation considered best at key skills businesses require to remain agile and innovative, according to the 2015 Millennial Majority Workforce report released today be online staffing firm Elance-oDesk and Millennial Branding, a Gen Y consulting firm.Sixty-eight percent of hi...


Hate your VMS? Maybe it’s not the tool — Blog

October 29, 2014

The VMS is the thing the industry loves to hate. Buyers give it a low net promoter score and suppliers complain about the money they spend funding the tool and the cutthroat competition it drives. But lately, VMS providers have a genuine complaint of their own when they say that buyers of staffin...


Next recession will include another ‘jobless recovery,’ report says

October 28, 2014

The American Institute for Economics Research found recessions and recoveries have changed since the 1990s. Recessions have become less frequent, but they are now caused by structural changes in the economy and lead to longer periods of high unemployment and “jobless recoveries.”“This research sh...


Heidrick executive search revenue rises in Europe, falls elsewhere

October 28, 2014

Executive search firm Heidrick & Struggles International Inc. (NASD: HSII) reported net revenue rose 5.8 percent in the third quarter to $125.8 million. Executive search revenue rose 16.4 percent in Europe but fell in the Americas and Asia Pacific. Revenue in the Chicago-based company's ...


Ciber revenue falls 2%, posts restructuring charge

October 28, 2014

Ciber Inc. (NYSE: CBR), a Greenwood, Colo.-based IT staffing and solutions firm, reported revenue fell 2 percent in the third quarter to $211.3 million — the decrease was 3 percent in constant currency. However, net loss increased to $20.9 million in the third quarter from $14.5 million in the th...


IT workers’ confidence hits record high; 40% likely to seek new jobs

October 28, 2014

The Randstad Technologies Employee Confidence Index rose to a reading of 61.7 in the third quarter from a second-quarter reading of 58.7. The index measures workers’ confidence in their personal employment situation and optimism in the economic environment, and the third-quarter reading is the hi...